(215 ILCS 5/463)
(from Ch. 73, par. 1065.10)
(1) Every group, association or other organization of companies whether
located within or outside this state, which assists companies which make
their own filings or rating organizations in rate making, by the collection
and furnishing of loss or expense statistics, or by the submission of
recommendations, but which does not make filings under this Article, shall
be known as an advisory organization.
(2) Every advisory organization shall file with the Director (a) a copy
of its constitution, its articles of agreement or association or its
certificate of incorporation and of its by-laws, rules and regulations
governing its activities, (b) a list of its members, (c) the name and
address of a resident of this state upon whom notices or orders of the
Director or process issued at his direction may be served, and (d) an
agreement that the Director may examine such advisory organization in
accordance with the provisions of Section 465 of this Article.
(3) If, after a hearing, the Director finds that the furnishing of such
information or assistance involves any act or practice which is unfair or
unreasonable or otherwise inconsistent with the provisions of this Article,
he may issue a written order specifying in what respects such act or
practice is unfair or unreasonable or otherwise inconsistent with the
provisions of this Article, and requiring the discontinuance of such act or
(4) No company which makes its own filings nor any rating organization
shall support its filings by statistics or adopt rate making
recommendations, furnished to it by an advisory organization which has not
complied with this Section or with an order of the Director involving such
statistics or recommendations issued under subsection (3) of this Section.
If the Director finds such company or rating organization to be in
violation of this subsection he may issue an order requiring the
discontinuance of such violation.
(Source: Laws 1947, p. 1098.)